FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Today at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Today at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

» LOLC hotels
by Maharaja Tue Mar 12, 2024 2:34 pm

» AEL target price ?
by suku502 Mon Mar 11, 2024 11:26 am

» WAPO 200% UP
by LAMDA Sun Mar 10, 2024 10:33 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Some details about CDB....

4 posters

Go down  Message [Page 1 of 1]

1Some details about CDB.... Empty Some details about CDB.... Wed Nov 21, 2012 10:54 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Dear Friends,

30.09.12 31.03.12
Deposits in Banks 1,333,822,013.00 - 490,589,920.00 172%
Loans & Advances 3,854,030,475.00 - 3,307,640,589.00 16%
Net Investment in Lease 8,538,928,436.00 - 7,095,726,690.00 20%
Net Interest Income 754,829,639.00 - 551,818,837.00 37%

30.09.12 30.09.11

Net Profit 245,518,760.00 241,476,737.00 2%
Finance Expenses 3,536,101.00 4,392,793.00 (19.50%)
Administration Expenses 206,344,059.00 164,646,159.00 25%
Provision for Loan Losses 52,567,264.00 13,035,330.00 303%
Income Tax Expenses 47,550,917.00 19,362,693.00 146%


NAVPS 45.67 44.15
EPS 4.62 4.54

Considering the above figures I feel CDB is doing quite well even under this stiff policy rates. Net interest income has grown considerably and net investment in lease (despite high vehicle tax) has grown by 20%. Due to the high rates for deposits CDB has increased its deposits by 172%.
For the last six months period CDB has reduced finance expenses by 19.5% while the administration expenses increased by 25%.Provision for loan losses is up by 303%.
I think even in difficult times CDB has done ok. Historically, CDB has performed well in third and forth quarters of the year. So, if the company record a flat growth we can expect at lest 9.24 of EPS (4.62x2)
Share Price: CDB has maintained its price between 31.00-47.50 during the above period and if we get good times ahead we can expect at least 80.00-90.00 (9.24x11)
Currently, I have some CDB and worth its price and hope to collect more. This is not a recommendation to buy. This is just to provoke forum members to have a brainstorming on CDB.
Thanks...

2Some details about CDB.... Empty Re: Some details about CDB.... Thu Nov 22, 2012 4:40 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

I am also having considerable qty in CDB. But want to give one more view despite its well performance. I studied CDB carefully for a years time.

Lease business increased by 20% despite of tax must be wrong. From this quarter only we could see marginal dip in Motor sector IS. Because most f the company had permit vehicle and pre booked vehicle orders. So impact of tax wasn't quite affect the neither motor sector or fiance sector IS so far. But the period from present is vital. They have less orders (about 20%), most of the orders placed during low tax times were executed upto now so they managed to have good healthy profit. If you concern about CDB they will manage at least one more year with same profit as lease extends upto 4 years. You got to clearly think about this issue. If it starts to make lost, then that share price would fall down bit more with fuel of its bad reputation of parent company. Just my view, if you are confident or different view pls share with us...

3Some details about CDB.... Empty Re: Some details about CDB.... Mon Nov 26, 2012 2:21 pm

Expert

Expert
Manager - Equity Analytics
Manager - Equity Analytics

Some experience with CDB:

Once I went to CDB to deposit some money in an FD. As usual with a Finance Company, they do not issue the FD Certificate on the same day; instead, they give a receipt for the money received by them. It was for a three months' FD. Later, you have to go and collect the Certificate when it is ready; either they will inform you when it is ready or you have to go there and query.

Interestingly, when I went to collect the Certificate, it was found that the date of the Certificate was six days later than the day I deposited the money!

Assume I deposited the money on 1st of January. The Certificate was for a period of three months from 6th January to 6th of April.

Fortunately, I checked the dates there itself and pointed out the mistake. After a lot of internal discussions, wasting at least an hour of my time, the person who handled the transaction came up saying that it is a mistake on their part and that the interest for the six days would be paid at the end of the period. When I refused to accept the certificate with the error, I was offered to be paid that amount by cash at that point out of that person's pocket; I just couldn't accept it that way! I refused it and took the Certificate and returned and the FD matured later on the said date and I never got that six days' lost interest.

Just a lesson to those who deposit with Finance Companies, in general, though I experienced this only with CDB. Next could be you!

4Some details about CDB.... Empty Re: Some details about CDB.... Mon Nov 26, 2012 2:46 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics


There is some irregularity here no doubt.

Though the money was accepted , was there a holiday period between the date deposited and date on certificate? If so this happens.

Secondly, you should have accepted the interest lost offered to you on that day ( right or wrong or out of someones pocket, if it is somes fault they should rectify.)

Else if you accepted date on the certificate, and received no official letter saying that interest for 6 days extra will be paid at the end, and if they did not pay , then legally there is no way to contest as you accepted the dates on certificate.

I am not saying this is ethical by CDB but we need to be careful also. I think you should have argued to get a offical letter or taken the money offered at that time ( you have a deposit receiopt to prove that you took money for the interest lost for 6 days)

Is it only Expert or are there any other who had the same exprience with CDB?



Expert wrote:Some experience with CDB:

Once I went to CDB to deposit some money in an FD. As usual with a Finance Company, they do not issue the FD Certificate on the same day; instead, they give a receipt for the money received by them. It was for a three months' FD. Later, you have to go and collect the Certificate when it is ready; either they will inform you when it is ready or you have to go there and query.

Interestingly, when I went to collect the Certificate, it was found that the date of the Certificate was six days later than the day I deposited the money!

Assume I deposited the money on 1st of January. The Certificate was for a period of three months from 6th January to 6th of April.

Fortunately, I checked the dates there itself and pointed out the mistake. After a lot of internal discussions, wasting at least an hour of my time, the person who handled the transaction came up saying that it is a mistake on their part and that the interest for the six days would be paid at the end of the period. When I refused to accept the certificate with the error, I was offered to be paid that amount by cash at that point out of that person's pocket; I just couldn't accept it that way! I refused it and took the Certificate and returned and the FD matured later on the said date and I never got that six days' lost interest.

Just a lesson to those who deposit with Finance Companies, in general though I experienced this only with CDB. Next could be you!

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum